India's Oct wholesale price inflation rises to over 12%

by IANS |

New Delhi, Nov 15 (IANS) Higher prices of primary goods along with food articles and fuel cost stiffened India's October 2021 wholesale inflation on a sequential and year-on-year basis.

Accordingly, the annual rate of inflation, based on wholesale prices, rose to 12.54 per cent last month from 10.66 per cent in September.

Similarly, on a YoY basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry has risen exponentially over October 2021, when it stood at 1.31 per cent.

"The high rate of inflation in October 2021 is primarily due to rise in prices of mineral oils, basic metals, food products, crude petroleum and natural gas, chemicals and chemical products, etc., as compared to the corresponding month of the previous year," the ministry said in its review of 'Index Numbers of Wholesale Price in India' for October.

"The month over month change in WPI index for the month of October, 2021 (as compared to September, 2021) was 2.28 per cent."

Latest News
Delhi Police asks Cyber Cafes to maintain visitors' record Sat, Sep 24, 2022, 01:13 PM
Kolkata App fraud: Prime accused Amir Khan arrested from Ghaziabad Sat, Sep 24, 2022, 01:12 PM
LS polls: BJP gears up for 'Mission 32' in Bihar Sat, Sep 24, 2022, 01:08 PM
India logs 4,912 fresh Covid cases, 37 deaths Sat, Sep 24, 2022, 01:07 PM
Kolkata prison inmate attempts suicide, critical Sat, Sep 24, 2022, 01:06 PM
Recent raids at PFI premises was called 'Operation Octopus': Sources Sat, Sep 24, 2022, 01:05 PM
Supreme Court stays probe against former Karnataka CM Yediyurappa Fri, Sep 23, 2022, 02:50 PM
As PFI activists go berserk, Kerala HC initiates suo motu proceedings Fri, Sep 23, 2022, 02:48 PM
Lingayat mutt sex scandal: Karnataka court to pronounce order today Fri, Sep 23, 2022, 02:14 PM
SP boycotts Assembly proceedings over Allahabad University agitation Fri, Sep 23, 2022, 02:12 PM
Nupur Sharma controversy: SC transfers all FIRs against journalist Navika Kumar to Delhi Fri, Sep 23, 2022, 02:09 PM
India reports 5,383 new Covid cases, 20 deaths Fri, Sep 23, 2022, 02:08 PM
Seven confirmed cases amid Uganda's rare strain of Ebola virus Fri, Sep 23, 2022, 12:26 PM
Tesla recalls 1.1 mn vehicles to prevent drivers from pinching by windows Fri, Sep 23, 2022, 12:23 PM
Apple releases new update to fix iPhone 14 Pro camera vibration Fri, Sep 23, 2022, 12:05 PM